Australian FinTech company profile #117 – AsiaPay
1. Company Name: AsiaPay
2. Website: www.asiapay.com.au
3. Key Staff & Titles:
Joseph Chan – CEO & Founder
Jason Lau – Associate Director, Senior Sales and BD
Edward Ng – IT Director
Issac Leung – Associate Director, IT
Ernest Lo – Executive Director
4. Location(s):
Headquartered in Hong Kong, we offer professional digital payment service and solution with quality local account and technical service across 15 operative offices in Asia.
Hong Kong, Australia (Sydney, Melbourne) China (Shanghai, Guangzhou, Shenzhen), India, Indonesia, Vietnam, Philippines, Malaysia, Singapore, Taiwan, Thailand and the United Kingdom.
5. In one sentence, what does your fintech do?
AsiaPay is a premier digital payment solution and technology vendor, strive to bring advanced, secured, integrated, and cost-effective digital payment processing solutions and services to banks and e-Businesses around the world. Our services are in abundance, covering international credit and debit cards, bank account / net-banking, digital wallets, prepaid cards, over-the-counters etc.
6. How / why did you start your fintech company?
- Founded in 2000 in HK.
- Continue to pursue the vision and dream to be the predominant leading digital payment service and technology player in Asia.
- Digital Commerce and Payment will continue to be the trend.
7. What is the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?
Lastest awards in 2019-2020
- FT: High-Growth Companies in Asia-Pacific by The Financial Times, 2020
- FinTech Awards 2018-2019 in Corporate Payments Initiative – Outstanding Commercial Online Payment Solution by FinTech Awards
- Best Payment Solutions Provider Pan Asia 2017-2019 Award by Global Banking & Finance Review
- Stars of China 2017 -2020– Innovation in Payments by Global Finance
- The Corporate Social Responsibility Award 2019 by Capital Magazine of South China Media
- Hong Kong Smart City Awards 2018-2020 in Smart Economy by ET Net
On payment Authentication, being a PCI DSS Level 1 complaint since 2006, being an EMVCo technical associate since 2018 and we are one of the very few certified 3-D secure vendor for with VISA. Mastercard, Amex, Discover/Diners, JCB and CUP for issuing side and acquiring banks. Also support the latest card tokenization standards of Visa (VTS) and MasterCard (MDES)
8. What’s some advice you’d give to an aspiring start-up?
- Entrepreneur attributes (Investor).
- Belief
- Decisive
- Risk tolerance (resilience)
- Life-time learning
- Dream goal
- Integrity
- Salesmanship
9. What’s next for your company? And are you looking to expand overseas or stay focused on Australia?
We will continue to expand our footprint in the market to expand our product new payment solution and service coverage.
We look forward to value adding and empowering businesses and financial institutions to keep pace with the technology and market disruption by offering comprehensive suite of payment solutions cross channels, markets and devices and technologies.
The larger the market and its financial sector, the better for us to lead advanced payment alternatives. Australian businesses can step up their financial transactions with AsiaPay’s leading payment solutions.
10. What other fintechs or companies do you admire?
To stay relevant and be able to keep up in a fast-growing market, it requires an action-oriented way of running a business. Here are ways that keep me competent and resilient to a challenging fintech industry.
There are numerous companies that made their mark the industry and I’m in awe and inspired by their hard work. I strongly believe in being open to learn from others in order to gain experience. Delivering digital payment technology and solutions to business of all types has taught me to discover and understand eCommerce businesses’ needs. Through solidifying integrations, we come as a trusted payment partner that connects consumers to businesses in a seamless way.
11. What’s the most interesting or funniest moment that’s happened in your company’s lifetime?
As we continue the commitment to Corporation social responsibility to show our care to the needy people in the community especially
- Under the pandemic this year, AsiaPay has taken initiatives to donate dry food and stationery to Baannokkamin Foundation in Thailand.
- Since 2017, The AsiaPay library Project has donated over three schools in rural China. We have brought over 3,600 books and stationery and sporting goods to 980 children.
- We encourage environmental “Green Office”” working condition since 2000.
- “Habitat for Humanity ReStore “Donation in Manila Philippines
